State Bank of Pakistan declared the monetary policy on July 15, 2018. In order to control aggregate demand and ensure near-term steadiness, the SBP has decided to increase policy rate by 100 bps to 7.5 percent effective from 16 July, 2018.[Continue Reading...]

As per State Bank of Pakistan strong economic activity is observed due to broad –based pick up in industrial output, gains in factors supporting production of major crops, growth in private sector credit. Better security conditions and power supply, transformation of fixed investment into increasing productive capacity on ground, low inflation and stable interest rates are also major factors contributing towards development of real sector during Q1-FY18.[Continue Reading...]

The State Bank of Pakistan (SBP) announced of its five-year financial strategy – SBP Vision-2020 – for strengthening and stabilizing financial system of the country. Governor State Bank, Mr. Ashraf Wathra while speaking at the ceremony at SBP head office, said that innumerable sacrifices were made by the leaders and common masses for achieving independence. [...][Continue Reading...]

State Bank of Pakistan is being made a free autonomy by the National Assembly through SBP amendment bill, 2015. The amendment in SBP Act 1956 would bring the existing legislation as per the international best practices of modern central bank. The bill for amendment was presented by Parliamentary Secretary to Finance, Revenue, Economic Affairs, Statistics [...][Continue Reading...]

The State Bank of Pakistan announced in a clarification that offices and branches of KASB Bank will operate as per routine for deposit holders as SBP has not suspended its operations. Earlier last week the bank is being placed under moratorium by SBP for six months.[Continue Reading...]